Silvergate
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Markets
Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse
Crypto-friendly Silvergate Bank ultimately collapsed this year due to over-dependence on risky crypto deposits and nepotism that led to ineffective…
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Markets
Silvergate CEO to depart amid ongoing liquidation and investor suits
Silvergate CEO Alan Lane and two other key executives are set to depart from their positions amid a wind-down of…
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Markets
Binance sold USDC for BTC & ETH after Silvergate bank collapse: PoR report
Cryptocurrency exchange Binance released its latest proof-of-reserves (PoR) on Aug. 1, offering transparency into its crypto reserves. However, the movement…
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Markets
Fed board issues order to Silvergate Bank as part of self-liquidation plan
The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company…
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Markets
Silvergate begins NYSE delisting process as it readies to cut 230 staff
The parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange (NYSE) and 230…
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Markets
Multiple Silvergate lawsuits over alleged FTX ties combined by judge
A California judge has combined three investor lawsuits against defunct crypto bank Silvergate Bank involving the bankrupt crypto exchange FTX.…
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Markets
MicroStrategy repays Silvergate Bank loan, buy 6,455 BTC
MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount. The company also…
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Markets
Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC
MicroStrategy, a business intelligence firm and a major Bitcoin (BTC) investor, is acquiring more BTC amid the recent cryptocurrency market…
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Markets
Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate
Major cryptocurrency exchange Kraken is experiencing difficulties with the withdrawal and deposit channel related to the automated clearing house (ACH)…
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Markets
Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto
The collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has…
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